Jamaica Embraces the FX Global Code

Jamaica embraces the FX Global Code
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Last week, ACIFMA Education was in Jamaica to promote local adherence to good market practices of the FX Global Code.

The initiative was led by the Jamaican Institute of Financial Services (JIFS) and the National Commercial Bank (NCB), with the visit including meetings with the Bank Of Jamaica, the Jamaica Bankers Association, the Cambio Association and a radio interview on Power106FM.

Whilst in Kingston, ACIFMA Education also delivered a Workshop on the FX Global Code – Good Market Practices, part of a FX Global Code Certification Programme specially designed and developed by JIFS in collaboration with ACIFMA. As a result of this Programme, 21 local market participants will sit their FX Global Code exams in mid June 2019.

An excellent session allowed users to verify their knowledge and understanding of “real life” scenarios available in our ELAC tool (for e-learning, attestation and certification on industry codes), which included a practical oversight of all principles of the FX Global Code (and their respective implementation).

The potential creation of ACIFMA Jamaican chapter was also discussed, as well as the delivery of our additional education tools as Jamaica is keen to embrace ACIFMA’s globally recognised financial markets’ knowledge and competence standards.

Thank you JIFS, NCB and all local stakeholders for driving this great initiative !

ACIFMA, longstanding proponents and influencers of ethical conduct and good market practices for financial markets professionals.

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